Press release
Software Defined Networking (SDN) Market 2018 Global Leaders Overview: Pica8, IBM, Intel, Juniper Networks, Intersil, VMware, Big Switch Networks, Huawei Technologies
Market Overview:
The software defined networking (SDN) market is expanding continually at a rapid pace. The factors such as the increasing demand for SDN from various burgeoning industries such as Healthcare, BFSI, Manufacturing, Retail & Consumer Goods, and Telecommunications among others. Widening adoption of software-defined networking solutions and services is one of the key forces driving the market growth, escalating further to the ascending heights on the global platform.
Acknowledging the exponential growth, the market perceives currently; Market Research Future (MRFR) in its recently published study report asserts that the global Software Defined Networking Market is estimated to reach approximately 61 Bn. USD by 2023, registering a whopping 39% CAGR throughout the forecast period (2017 – 2023).
Additional factors substantiating the market growth include advantageous features of SDN such as flexibility in managing and controlling the complex networks and efficient data traffic management. Simultaneously, growing demand for cloud-based services and increasing demand for mobility and server virtualization are some of the driving forces acting as a tailwind to the market growth. And, the last but by no means least, the BYOD trend in the organizations is fostering the growth of the SDN market, serving as an emerging growth opportunity to the market.
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Software-defined networking is a seismic technology that allows service providers to develop highly programmable networks with the help of workflow automation. SDN also supports in reducing operational costs and also helps in improving the overall customer service lifecycle.
Similarly, the software-defined networking helps in overcoming the limitations associated with traditional network infrastructure playing an important role in managing the typical networking infrastructure in the organization.
Industry News
5 March 2017 - Cisco and IBM announces their new Versa Stack solution that helps organizations to reduce the complexity and automate processes of delivery of applications. It also includes hybrid cloud capabilities and the latest software defined storage technologies to address cloud-scale applications.
December 18, 2015 – NEC Corporation, a global leader of leaders in Software Defined Networking (SDN) and NF, had announced its collaboration with Intel Corporation to develop the Cloud-Radio Access Network solution for virtualizing the functions of mobile base stations.
November 17, 2015 – Cisco system Inc. has introduced software and developer tools for cloud-scale networking that enable service providers and web companies to deliver cloud applications.
Key Players:
The prominent players in software defined networking market are – Cisco Systems, Inc. (U.S.), Hewlett Packard Enterprise (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Juniper Networks (U.S.), Intersil (U.S.), VMware, Inc. (U.S.), Big Switch Networks (U.S.), Pica8, Inc. (U.S.), Huawei Technologies Co. Ltd. (China) among others.
Software Defined Network Global Market - Segmentation
The software defined network market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;
• Segmentation by Component: Comprises Solution (Software, Physical Appliances), Services (Integration, Training & Consulting, Support & Maintenance).
• Segmentation by End User: Comprises Cloud Service Provider, Telecommunication Service Provider, Enterprises among others.
• Segmentation by Organization Size: Comprises SMEs, Large Enterprises among others.
• Segmentation by Vertical: Comprises BFSI, Healthcare, Manufacturing, IT & Telecommunication, Defence & Government, Consumer Goods & Retail, and others.
• Segmentation by Region: Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
Software Defined Network Global Market- Regional Analysis
North-America is dominating the global Software Defined Network market with the largest market share is due to technical advancements and increasing use of mobile devices, tablets and smartphones in that region and is expected to grow over its previous growth records by 2023. Software Defined Network market in Asia-Pacific market is expected to grow at a substantial CAGR during 2016 to 2023 due to rich presence of various telecom industry where software defined network is being deployed in this region. The European market for software defined network market is expected to grow at a considerable CAGR (2016-2023).
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Intended Audience
• Technology Investors
• Research/Consultancy Firms
• OEM technology solution providers
• Cloud Service Providers
• Software Developers
• System Integrators
• Manufacturing Industry
• Government organizations
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
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+1 646 845 9312
Email: sales@marketresearchfuture.com
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